U.S. Proposes $2.4 Billion in Tariffs on France Over Digital Tax
(Bloomberg) -- The U.S. proposed tariffs on roughly $2.4 billion in French products, in response to a tax on digital revenues that hits large American tech companies including Google, Apple Inc., Facebook Inc. and Amazon.com Inc.
“France’s digital services tax discriminates against U.S. companies,” the office of the United States Trade Representative said in a statement Monday.
USTR Robert Lighthizer said the agency is also exploring whether to open investigations into similar digital taxes by Austria, Italy and Turkey.
QuickTake: How ‘Digital Tax’ Plans in Europe Hit U.S. Tech
“USTR’s decision today sends a clear signal that the United States will take action against digital tax regimes that discriminate or otherwise impose undue burdens on U.S. companies,” Lighthizer said in the statement. “The USTR is focused on countering the growing protectionism of EU member states, which unfairly targets U.S. companies, whether through digital services taxes or other efforts that target leading U.S. digital services companies.”
--With assistance from Ana Monteiro and Laura Davison.
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